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SEC Seeks Final Judgment Against Former Western Asset Co-CIO Ken Leech in Cherry Picking Case

The Securities and Exchange Commission today moved for entry of a final judgment by consent against Stephen Kenneth Leech II, the former co-chief investment officer of registered investment adviser Western Asset Management Company LLC, whom the SEC…

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The Securities and Exchange Commission moved for entry of a final judgment by consent against Stephen Kenneth Leech II, according to a commission press release dated Oct. 6, 2026. The motion was announced in that release.

The SEC identified Leech as the former co-chief investment officer of registered investment adviser Western Asset Management Company LLC. The commission described the case as a cherry picking matter.

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